Mixed Use in Nottingham

14 Alfreton Road, Nottingham NG7 3NG
  • Lot No: 103
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £200,000+ plus fees

Result Sold at Auction £272,000

Property Description

DRAFT DETAILS The property comprises a three storey mid-terraced building comprising ground floor commercial unit along with two self-contained apartments occupying the first and second floors with separate access gained from the rear of the building. The building also benefits from a cellar. We have been advised the ground floor was originally let as two separate units which has now been split into one and refurbished by the tenant to a high standard who pays £9,600 per annum rent. The two separate upstairs apartments have recently been vacated and were previously achieving £650 per calendar month each. The accommodation comprises Basement extending to 200 sq.ft, Ground Floor Retail extending to 256 sq.ft with Food Preparation Area extending to 68 sq.ft and a Store Area extending to 279 sq.ft currently configured as kitchen facilities along with separate WCs. First floor comprises communal landing and Flat B extending to 334 sq.ft with Kitchen, Bathroom, Lounge, Bedroom and Hallway. The second floor comprises Communal Landing and Flat A extending to 329 sq.ft with Hallway, Bedroom, Bathroom, Kitchen. Total sq.ft: 1,466 NIA

Location

The property fronts Alfreton Road in Nottingham within a parade of similar local retailers and residential accommodation. Nottingham city centre is a few minutes walk along with Nottingham train station.


Value Added Tax

We are advised that VAT will not be chargeable on this transaction.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 29th July 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

14 Alfreton Road, Nottingham NG7 3NG